The Secretary of Labor states that wage rates in the country have risen by 2 percent this past year. The head of a local labor union states that wage gains should have been higher. The Secretary's statement is a ___________ economic statement, and the labor union head's statement is a(n) _____________ economic statement

During the antebellum period, the majority of the family labor on farms was devoted to investment type of activities—clearing land, constructing fences and buildings, and feeding and breeding livestock

Indicate whether the statement is true or false

At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $222,000 and Total Liabilities of $17,100 and Total Paid-in capital of $68,400. During the year, the company reported total revenues of $259,000 and expenses of $200,500. Also, dividends during the year totaled $54,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be: